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QUESTION 14 While reviewing established cost accounting techniques, it is important to recognize that there is no such thing as true cost in cost accounting.

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QUESTION 14 While reviewing established cost accounting techniques, it is important to recognize that there is no such thing as "true" cost in cost accounting. (Ch 8) O True O False QUESTION 15 In developing a pro forma, it is important to be relatively aggressive when estimating volumes, contractual adjustments, and net revenues. (Ch 12) O True O False QUESTION 16 Variable staffing expenses for a program that are incurred before any revenue is generated are referred to as (Ch 12) O hidden costs O projected costs O sunk costs O startup costs

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